DEO Stock Recent News

Drinks conglomerate Diageo's Chief Marketing officer, Cristina Diezhandino, tells CNBC's Arabile Gumede how data and AI is used to within different areas of the business.

Diageo plc (LON: DGE) is reportedly interested in unloading its iconic Pimm's brand. Shares of the alcoholic beverages company are slightly in the red at writing.

Pimm's, the classic English summer drink, has been put up for sale by its owner Diageo PLC (LSE:DGE), along with two other brands. The FTSE 100 drinks giant has hired bankers at Rothschild to explore the sale, with Diageo having owned the gin-based fruity liqueur since its inception back in 1997.

Cristina Diezhandino, chief marketing officer of Diageo, the company behind brands including Guinness, discusses the stout's legacy and the changing advertising landscape.

Investors looking for stocks in the Beverages - Alcohol sector might want to consider either Carlsberg AS (CABGY) or Diageo (DEO). But which of these two stocks offers value investors a better bang for their buck right now?

Diageo (DEO) 1H24 results decline on soft performances in North America and LAC. Soft sales, lower organic operating profit and higher finance charges hurt earnings.

Diageo's first-half results were below consensus and Deutsche Bank says the debate now is whether the latest cuts to forecasts will be the last negative revision. In its view the answer is no, with US challenges increasingly looking more structural than cyclical “We strongly suspect there will be more disappointment to come”.

Diageo PLC (DEO) Q2 2024 Earnings Call Transcript

Debra Crew, CEO of the British alcoholic beverage company, says the market is not seeing "linear progression."

Shares in Diageo dropped on Tuesday after the Guinness seller said a slump in sales of expensive spirits in its Latin America and Caribbean segment offset a surge in sales of beer in Europe and Africa driven by soaring demand for Guiness.